B
Independent Bank
Rating Date
March 2026
Risk Based
Capital Ratio
12.49
Leverage
Ratio
9.36
Return On
Assets
1.31%
Total
Assets
5.50B
Capital
490.91M
Total
Deposits
4.82B
Net
Income
71.97M
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Weiss Ratings Independent Bank
Grand Rapids, MI 		Click to
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Rating B
Asset Quality Index 6.70
Capitalization Index 7.50
Liquidity Index 2.80
Profitability Index 6.40
Stability Index 6.30
Company Info Independent Bank
Grand Rapids, MI 		Click to
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FDIC Number 27811
Phone Number (616) 363-1207
Website www.independentbank.com
Asset Quality Independent Bank
Grand Rapids, MI 		Click to
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1-Year Asset Growth 3.21%
5-Year Asset Growth 6.17%
5-Year Charge-Offs to Average Loans 0.02%
Charge-Offs to Average Loans 0.04%
Non-Performing Assets to Assets 0.44%
Non-Performing Loans to Capital 4.01%
Non-Performing Loans to Loans 0.77%
Balance Sheet Independent Bank
Grand Rapids, MI 		Click to
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Total Assets 5.50B
Total Deposits 4.82B
Capital and Reserves Independent Bank
Grand Rapids, MI 		Click to
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Capital 490.91M
Leverage Ratio 9.36
Loan Loss Reserves to Loans 1.48%
Risk-Based Capital Ratio 12.49
Liquidity Independent Bank
Grand Rapids, MI 		Click to
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Hot Money Ratio 10.68%
Liquidity Ratio 18.50%
Profitability Independent Bank
Grand Rapids, MI 		Click to
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5-Year Return on Average Assets 1.36%
Net Income 71.97M
Net Interest Spread 3.59%
Operating Profit to Average Assets 1.57%
Overhead Efficiency Ratio 59.84%
Return on Assets 1.31%
Return on Equity 14.80%